Firstly, I want to thank anyone taking the time to read this, and also for any advice given.
I’m very frightened right now. I’ll try to make a long story short! Oh, and I live in Pennsylvania!
My final divorce papers came this week, and so I set about taking my ex-husband’s name off the home and put it in mine only, which was defined in the divorce decree. I called Wells Fargo, the company that has handled my mortgage for the length of owning this home, six years. They said I could not do an ‘Assumption’, because we used my ex’s VA bill to originally purchase the home. Fair enough. They said my only option was to refinance. I voiced my concern regarding my bad credit, but they said they had a department that can work with me.
Wells Fargo called this afternoon and told me ‘there is nothing we can do for you’ and ‘good luck’. I have NEVER missed a mortgage payment to this company in six years. Never once have even been late. I even have myself set up on a payment schedule where they draft an amount of money directly out of my bank account every two weeks, as opposed to paying monthly. This way I thought I would do a little better by getting some extra payments in.
The Wells Fargo representative babbled something about he could only draft for 80% of the home and that since that was only $52,000 his Underwriters would not agree. Please excuse me for living in a crappy little home. But its my crappy little home and I like it. Basically, I got the feeling that they could work with my credit, but didn’t feel me worthy of their time.
I don’t know what to do now. I don’t want anything special, I just want my home in my name.
Also, I really need to move on this because my mother has been getting harassing calls from a company that says that my ex owes them over $10,000 and that they are ‘going to sue him’ and ‘take his house’. The company is calling my mother because at one point my ex listed her as a personal reference.
I am scared to death that they are going to take my home.
I pulled up a copy of my credit report online yesterday and found that my credit score is 614. Not good, I know. But Wells Fargo said I needed to check it because they can’t work with anything below 500. Last time I did the math, 614 is not below 500. But! No more Wells Fargo bashing!
I also found in my credit report that a loan that I co-signed on for my ex (the balance is around $8,500), he has not made a payment on in over 180 days. Lovely.
I have paid $280 on this house every two weeks for over six years. That has to account for something, right?
Oh, I guess I should also state that this is my first and only mortgage, and this house has never before been refinanced.
Can anyone offer any advice, or even a reputable company to contact?
Thank you so very much.What is the name of your state?
I’m very frightened right now. I’ll try to make a long story short! Oh, and I live in Pennsylvania!
My final divorce papers came this week, and so I set about taking my ex-husband’s name off the home and put it in mine only, which was defined in the divorce decree. I called Wells Fargo, the company that has handled my mortgage for the length of owning this home, six years. They said I could not do an ‘Assumption’, because we used my ex’s VA bill to originally purchase the home. Fair enough. They said my only option was to refinance. I voiced my concern regarding my bad credit, but they said they had a department that can work with me.
Wells Fargo called this afternoon and told me ‘there is nothing we can do for you’ and ‘good luck’. I have NEVER missed a mortgage payment to this company in six years. Never once have even been late. I even have myself set up on a payment schedule where they draft an amount of money directly out of my bank account every two weeks, as opposed to paying monthly. This way I thought I would do a little better by getting some extra payments in.
The Wells Fargo representative babbled something about he could only draft for 80% of the home and that since that was only $52,000 his Underwriters would not agree. Please excuse me for living in a crappy little home. But its my crappy little home and I like it. Basically, I got the feeling that they could work with my credit, but didn’t feel me worthy of their time.
I don’t know what to do now. I don’t want anything special, I just want my home in my name.
Also, I really need to move on this because my mother has been getting harassing calls from a company that says that my ex owes them over $10,000 and that they are ‘going to sue him’ and ‘take his house’. The company is calling my mother because at one point my ex listed her as a personal reference.
I am scared to death that they are going to take my home.
I pulled up a copy of my credit report online yesterday and found that my credit score is 614. Not good, I know. But Wells Fargo said I needed to check it because they can’t work with anything below 500. Last time I did the math, 614 is not below 500. But! No more Wells Fargo bashing!
I also found in my credit report that a loan that I co-signed on for my ex (the balance is around $8,500), he has not made a payment on in over 180 days. Lovely.
I have paid $280 on this house every two weeks for over six years. That has to account for something, right?
Oh, I guess I should also state that this is my first and only mortgage, and this house has never before been refinanced.
Can anyone offer any advice, or even a reputable company to contact?
Thank you so very much.What is the name of your state?
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